Earn Up to $400 with a New Checking Account
Open a new eligible Cobalt checking account, set up direct deposit, and make qualifying debit card purchases to earn up to $400.
How to earn your Cobalt Checking Bonus.
Open a new account.
Open a brand-new Cobalt Free Checking, Cobalt Blue Checking, Cobalt Elite Checking, or Student Spend Account using promo code Cobalt400.
Set up direct deposit.
Set up your first Eligible Direct Deposit to your new checking account.
Use your debit card.
Make at least 6 qualifying debit card purchases within 60 days of opening your account. Each purchase must be $10 or more and must post within the 60-day period.
Earn your bonus³.
The total amount of Eligible Direct Deposits received within 60 calendar days of opening your account will determine your bonus amount.³
Bonus Qualification
| Total Eligible Direct Deposit | Bonus Amount | Timing |
|---|---|---|
| $1.00–$999.99 | $0 | To determine your bonus amount, Cobalt will add up all your Eligible Direct Deposits received within 60 calendar days of opening your new checking account. |
| $1,000.00–$4,999.99 | $200 | |
| $5,000.00 or more | $400 |
What is an Eligible Direct Deposit?
Eligible: Recurring ACH deposit of regular income to your Cobalt Checking, including payroll, pension, or government benefit payments (e.g., Social Security), made by your employer, payroll or benefits provider or government agency ("Eligible Direct Deposit").
Not Eligible: Deposits that are not from an employer, payroll or benefits provider or government agency and deposits that are non-recurring in nature are not eligible. Examples of deposits that are not eligible include check deposits, peer-to-peer transfers (e.g., transfers from Zelle®, PayPal, Venmo, Wise, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), bank ACH funds transfers, wire transfers from external accounts, and IRS tax refunds. Cobalt shall, in its sole discretion, assess your Eligible Direct Deposit activity to determine eligibility and may require additional documentation to complete this verification.
Cobalt Elite Checking
Earns a Premium APY of 3.25%¹ on balances up to $20,000 if account-specific qualifications are met and 0.15% APY¹ on amounts above $20,000 or if qualifications are not met. Must maintain a minimum average daily balance of $2,500 to receive Premium APY¹.
Cobalt Blue Checking
Earns a Premium APY of 1.50%² on balances up to $10,000 if account-specific qualifications are met and 0.15%² APY on amounts above $10,000 or if qualifications are not met.
Cobalt Free Checking
A simple, fee-free checking account designed for everyday banking. Enjoy convenient access to your money with the flexibility to manage your finances your way.
Student Spend Account
Built for students who are just getting started, this account offers easy money management with no monthly maintenance fees or minimum balance requirements.
Other Important Information:
- Cobalt reserves the right to exclude any members from participating in this promotion for any reason, such as suspected fraud, misuse, or suspicious activity.
- Bonuses are considered miscellaneous income and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable). Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult with your tax advisor to determine applicable tax consequences.
- The bonus will be deposited into your checking account within 61 days of meeting all account requirements.
- Student Spend, Cobalt Free, Cobalt Blue and Cobalt Elite Checking Accounts are eligible for this bonus offer.
- If your account is in default, closed or suspended, or otherwise not in good standing before you receive the bonus, you will not receive the bonus. No minimum balance is required to be maintained in order to receive this bonus.
¹Annual Percentage Yield. Rates subject to change after account opening. APY is accurate as of 06/01/2026. Fees may reduce earnings. Minimum opening deposit of $25. Must maintain minimum average daily balance of $2,500 to receive Premium APY. Premium APY of 3.25% on balances up to $20,000 if account-specific qualifications are met and 0.15% APY on dollar amounts above $20,000 or account-specific qualifications are not met. Account-specific qualifications: At least one monthly direct deposit transaction of $500 or more into a Cobalt account, opt-in to receive e-statements, and 15 monthly debit card purchases equaling at least $500. Refer to our account disclosure and rate sheet for details on fees and dividends, or contact us for details including eligibility, service description and associated charges.
²Annual Percentage Yield. Rates subject to change after account opening. APY is accurate as of 06/01/2026. Fees may reduce earnings. Minimum opening deposit of $25. Account-specific qualifications: At least one monthly direct deposit transaction of $500 or more into a Cobalt account, opt-in to receive e-statements, and 10 monthly debit card purchases equaling at least $250. Refer to our account disclosure and rate sheet for details on fees and dividends, or contact us for details including eligibility, service description and associated charges.
³ This is a limited time offer and can be removed at any time at Cobalt Credit Union’s sole discretion. Cobalt Credit Union reserves the right to end or change the terms of this offer at any time prior to you accepting the offer, with or without notice. Existing Cobalt members who have a loan with Cobalt but do not have a checking account or direct deposit with Cobalt are eligible for the Bonus. Member must have an active Cobalt loan that was opened on or before June 15, 2026, and remains in good standing at the time promotion requirements are fulfilled. Member must not be or have been a TRO on an open checking account within the 12 months prior to the contract date of the new checking account in order to be eligible for this offer. Bonuses are limited to one bonus per Cobalt member. In the case of a joint account, direct deposit activity will only be counted towards the primary account holder’s eligibility for the bonus. This promotion cannot be combined with any other offers. Bonuses are considered miscellaneous income and may be reportable to the IRS on Form 1099-INT. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult with your tax advisor to determine applicable tax consequences.
